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Readymade garments exports up 33.04%

March 12, 2003 15:35 IST

Continuing their upbeat performance, readymade garments exports registered a rise of 33.04 per cent in value terms at Rs 2,320.95 crore (Rs 23.2 billion) in February this year as against Rs 1,781.71 crore (Rs 17.81 billion) in Febraury last year.

In quantity terms, exports to quota countries rose 18.49 per cent to 132 million pieces against 111.4 million pieces in February 2002.

According to data compiled by Apparel Exports Promotion Council, exports to US in last month witnessed a rise of 28.83 per cent in terms of quantity and 30.40 per cent in terms of value.

While exports to European Union were up by 15.31 per cent in quantity terms and 36.48 per cent in value terms, exports to Canada rose by just 2.86 per cent in terms of quantity and 21.36 in terms of value during February 2003.

The exports during the first two months of the calender year amounted to 292.4 million pieces valued at Rs 5,193.24 crore (Rs 51.93 billion), which signifies a jump of 25.01 in terms of quantity and 42.31 in terms of value over the same period last year.

Exports to US during the same period stood at 88.5 million pieces valued at Rs 2190.48 crore (Rs 21.9 billion) witnessing a rise of 41.15 per cent in quantity and 46.92 per cent in value.

Readymade garments exports to quota countries during the first 11 months of the current financial year was also up at 10.91 per cent in quantity terms and 16.59 per cent in terms of value as against the same period last year.

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